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UK tech funding roundup: This week’s deals from Skyports to Lemon

UK tech funding roundup: This week’s deals from Skyports to Lemon

This week’s UK tech funding deals include flying taxi company Skyports, Scottish rocket manufacturer Orbex, generative AI legal assistant Lawhive and more. UKTN tracked £196.6m worth of tech funding deals this week (15 April to 19 April), a whopping 363.7% week-on-week increase. Here’s your weekly roundup of UK tech startup funding. Skyports – £88m Sector: Mobility...

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UK Tech Week: A look ahead to a nationwide celebration of innovation

UK Tech Week: A look ahead to a nationwide celebration of innovation

The first UK Tech Week is just around the corner, with more than 30 confirmed events set to take place across the nations and regions. The inaugural event, running from 23 April to 25 April, aims to showcase the tech innovation and entrepreneurism taking place across the UK. UK Tech Week will see separate events...

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Northern tech firms call for regional digital investment fund

Northern tech firms call for regional digital investment fund

A group of tech companies in the north of England have called for the creation of a Manchester-based digital investment fund to help challenge the “dominance of London and the South East”. Industry body Manchester Digital and several tech firms based in the north or with a significant northern presence – including Auto Trader, BT...

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VC funding continues to fall amid dearth of late-stage rounds

VC funding continues to fall amid dearth of late-stage rounds

Venture capital (VC) funding in the UK has dropped for the third consecutive quarter, with minimal rounds taking place for later-stage companies, new data has shown. VCs invested £2.4bn into UK tech firms in the first quarter of the year, according to the European Venture Report from PitchBook. This is a 25% drop from the...

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From Tony Blair to Monzo, key players demand UK fintech reform

From Tony Blair to Monzo, key players demand UK fintech reform

Fintech has returned to being the UK’s most-funded tech sector but the country is at risk of losing its crown, according to a handful of new policy recommendations from the likes of Monzo, Revolut and The Tony Blair Institute for Global Change. Two major fintech policy reports have been published this week as data revealed...

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Fintech retakes top spot for UK startup investment

Fintech retakes top spot for UK startup investment

Fintech is once again the UK’s best-funded startup sector after climate tech secured the most investment in 2023. In the first quarter of 2024, UK fintech companies raised $1.4bn across 73 rounds, according to data from Dealroom and HSBC Innovation Banking. Fintech funding rounds over the period include £340m raised by challenger bank Monzo and...

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Microsoft launches AI startup accelerator with Seedrs

Microsoft launches AI startup accelerator with Seedrs

Microsoft has launched a UK AI startup accelerator in partnership with London-based private investing platform Seedrs. The Series AI programme aims to help participating startups build and integrate AI technology. The four-week accelerator, open to startups from Seed to Series A stage, will include mentorship, resource sharing and commercialisation support. “Over the last few years,...

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Group launches to champion West Midlands women in tech – UKTN

Group launches to champion West Midlands women in tech – UKTN

West Midlands startup support organisation TechWM has launched a special interest group that will “champion” women in tech amid a “horrifying” industry gender gap. The Women in Tech Special Interest Group is aiming to get more women into technology roles and leadership positions. It aims to do so by bringing together industry experts who can...

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How to fix the UK’s creaking tech visa system

How to fix the UK’s creaking tech visa system

The UK continues to tackle a skills gap for crucial tech roles. At the same time, government plans to reduce net migration have caused concerns among startups that it will become even more challenging to secure the right talent. What are the visa options for people hoping to work in the UK’s tech ecosystem and...

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UK competition body warns of Big Tech AI dominance

UK competition body warns of Big Tech AI dominance

The UK’s competition regulator has warned that a small number of powerful tech firms have the potential to use their size to dominate the AI market. Speaking at a conference in Washington DC, Sarah Cardell, chief executive of the Competition and Markets Authority (CMA), noted the growing presence in the AI foundation model market of...

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UK tech funding roundup: This week’s deals from Mimo to Avenir

UK tech funding roundup: This week’s deals from Mimo to Avenir

This week’s UK tech funding deals include SME financial management platform Mimo, a navigation app for the visually impaired called Waymap, digital carer platform Log my Care and more. UKTN tracked £42.4m worth of tech funding deals this week (08 April to 12 April), an 18% week-on-week decline. Here’s your weekly roundup of UK tech startup...

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Silicon Valley is a worthy benchmark for UK tech – but it has drawbacks

Silicon Valley is a worthy benchmark for UK tech – but it has drawbacks

When Chancellor Jeremy Hunt declared that the UK was on track to become the next Silicon Valley, UK tech was conflicted. Comparing the UK to the fabled US tech sector is both a help and a hindrance. There’s no doubting the Valley’s achievements in creating so many of the biggest companies of the last 30...